FCC Pushed To Free Up More Wavelengths
April 21, 2014
Tech Industry Pushes FCC To Free Up More Wavelengths
On the Hill
- Texas Representative Blake Farenthold has proposed a bill that would suspend the pay of any federal employee held in contempt by Congress. Employees are held in contempt when they refuse to comply with a Congressional subpoena. Two officials have had contempt charges pushed against them under the Obama administration.
- The tech industry is pushing the Federal Communications Commission (FCC) to set aside more wavelengths for unlicensed use in the upcoming auction. Unlicensed wavelengths are used for applications like WiFi and garage door openers. The FCC is under some pressure to set too much aside, as Congress is pressuring it to raise additional revenue by auctioning wavelengths to wireless companies.
- The Chicago Fed National Activity Index three-month moving average moved up to 0.00. This reading means that the average is right on the historical trend line. The actual level was 0.20, which is within expectations, though below last month’s upwardly revised 0.53.
- The leading indicators index was a higher-than-expected 0.8% for March. This points to accelerating growth over the next six months or so in the American economy.
- In a massive class action lawsuit, Google, Apple, Intel, and Adobe Systems are accused of colluding to suppress wages for years. The plaintiffs are reportedly seeking a $3 billion settlement.